Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.
Odessa is a city in Ector and Midland counties in the U.S. state of Texas. It is located primarily in Ector County, in which it is the county seat. Odessa's population was 96,943 at the 2000 census(though a July 1, 2008, estimate placed the population at 98,801). It is the principal city of the Odessa, Texas Metropolitan Statistical Area, which includes all of Ector County. The metropolitan area is also a component of the larger Midland–Odessa, Texas Combined Statistical Area, which had a population of 261,435 as of July 1, 2008. estimate.